Write a summary that compares the challenges that the chinese and mexican governments face

Both China and Mexico have achieved tremendous growth due to their position as low-cost manufacturers. In the mid-1990s, Mexico became the United States’ second-largest trading partner. However, China’s low labor costs and high production volumes are making it difficult to compete. At the same time, the U.S has become increasingly protectionist which could hurt their effort to export to the U.S. Also, Mexico’s oil wealth is running out and this could result in a slowdown. China on the other hand has a fairly diversified economy. This presents a challenge to governments of both countries on how to keep growing their economies.

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